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>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b
the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of th
, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out
under way across the u.s. as americans decide who will lead the country for the next four years. after vigorous campaigning right to the last minute and aggressive advertising that made it the most expensive campaign of all time, president barack obama and his challenger mitt romney both into the election day confident of victory. >> but most election polls say the race for the white house is too close to call, meaning the result will be decided in a small number of so-called swing states by florida, ohio, virginia, and new hampshire, which was the first to vote on the stroke of midnight. >> voting began early in this part of new hampshire. the first ballot such traditionally cast here at midnight, and after the first 10 were tallied, it was a drop -- draw. >> for president -- this has never happened before -- we have a tie. five votes each. >> of voting in dick's bill has never been a gauge for the rest of the nation, but this year, polls show the race is a dead heat -- voting in dixville has never been engaged for the rest of the nation. >> after all the months of campaigning, after
>>> welcome to worldwide exchange. here are your headlines. the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in th
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
cementing his position as successor to president hu jingh engine toe. he visited the u.s. in 2012 to promote relations. his counter part, vice president joe biden was with him for much of the visit. >> xi showed on some issues the two governments will not necessarily see eye to eye. >> reporter: xi will likely be joined at the top by lee cow tow tao, the man widely expected to become china's next premier. lee became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jingping. lee became vice premier in 2008. lee queue tongue is 57 years old. he hails from on way province, currently in charge of domestic economic policy. >>ly studied law at the prestigious beijing university where he went on to get a phd in economics. his classmate told us li also dedicated himself to studying english. he said the man who will soon become china's premier showed no sign he would become a politician. >> i think every single day he got a lot of ticket in his pocket. in his one side he write english, on tore side c the
, that trade officials see challenges ahead. most recently, over solar panels. the u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in several of those industri
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
. a combination of tax increases exami and spending cuts and could push the u.s. economy into a recession as all eyes are on how that develops. here in japan, too, the nikkei was down 3.75% last week, so we saw that play into the markets as well. the gdp figure is coming at 0.9% for the july-to-september period. we'll see how that is translating into the opening levels. let's go to the opening levels for the nikkei and topix for many monday, november 12th. both indices are down by half a percent there. the nikkei closed out last week at a four-week low as the yen gained against the dollar and euro. the japanese currency rose. really investors shifting money into yen-based assets and the higher yen weighing on export issues. this is at a time when many japanese corporations are releasing poor earnings over the last couple of weeks. that's all most of that based on the strong yen. don't forget europe, we can't ignore that sector and economy either. the renewed concerns about greece despite pushing through an austerity plan. that's a big focus as well, how that plays into stock markets. >> how are
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield
. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a court- martial for allegedly slaughtering 16 afghan civilians, including nine children, in march. military prosecutors are seeking the death penalty while defense attorneys have argued that alcohol abuse, drug use, and posttraumatic stress disorder all may have played a key role in fueling his actions. the presiding officer says he'll issue a recommendation on whether to proceed to court martial by the end of the week. deadly fighting in syria reportedly left at least 63 people dead across the country tuesday, including 41 in the capital damascus. syrian tanks continue to shell the palestinian refugee camp which has seen heavy violence this month. france has become the first western country to recognize syria's newly brokered opposition coalition as the sole representative of the syrian people. the coalition was formed over the weekend at a summit in doma. at least 24 people at and killed and more than 100 wounded in a series of bombings across iraq. a multiple explosions
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at risk. >> our leaders, he traveled to jerusalem with talks -- to talk with benjamin netanyahu. he condemned the attacks and the loss of civilian lives in gaza. netanyahu reiterated that they would be willing to are dissipate in a ceasefire but only if hamas immediately sees as the rocket attacks. >> the long-term solution to be put in place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it
soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, c
in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1
after good gains yesterday. following strong moves in the u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s. dollar. rba minutes suggesting that their policymakers consider further monetary easing may be appropriate. still to come, we'll be in athens and brussels. euro group reportedly close to signing off on the next tranche aid. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. get on e-trade. set up a real plan. frank!
in the latest incident are real. as with the target. unmanned u.s. predator surveillance graft. the incident was real. though the timing is perhaps, perhaps suspect. one week ago. six days before the u.s. election. national security correspondent jennifer griffin is following this breaking story from the pentagon. >> reporter: at 4:50 a.m. november 1, days before the u.s. presidential election, two iranian su-25 frog foot fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2-1 predator drone over the persian gulf. it's the first time the iranians ever fired on a u.s. drone. the shots missed on both attempted. iran's fighter pilots briefly pursued the drone that landed safely at an undisclosed location. >> incident occurred over international waters. 16 nautical miles off the coastline. aircraft was never in iranian air space. it was always flying in international air space. the internationally recognized territorial limit is 12 nautical miles off the coast. we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the penta
petraeus. general john allen is the top u.s. commander in afghanistan. allen is under investigation by the pentagon for alleged inappropriate communications with jill kelly. she's the tampa, florida, woman, who is said to have received threatening e-mails from petraeus's mistress. a pentagon official says allen and kelly exchanged up to 30,000 communications between 2010 and 2012. it's unclear if they were involved in sexual matters or classified information. allen will remain the u.s. commander in afghanistan for now. but these latest developments only serve to widen the scandal that has gripped the nation's capital since friday. tara mergener is in washington with more. what's the latest there? >> reporter: good morning to you. that's right. another twist in this drama. defense secretary leon panetta ordered a pentagon investigation on monday involving one of the u.s. military's biggest names. general john allen, the man who succeeded david petraeus as head of the international forces in afghanistan, is now linked to the fbi investigation involving his predecessor. >> i want to th
>>> a new twist in the david petraeus sex scandal. this morning, the top u.s. commander in afghanistan is under investigation. the pentagon looking into alleged inappropriate e-mails between general john allen and one of the women in the center of the controversy. filling the void with the abrupt departure from david petraeus from the cia, a look at the man likely to replace him as keeper this country's secrets. >>> and sandy sales. while thousands of victims strasburg until the aftermath of hurricane sandy, the damage brought on by the storm is giving one industry a boost. this is the "cbs morning news" for tuesday, november 13th, 2012. good morning, everybody. good to be with you. i'm terrell brown. this morning, one of america's highest ranking military leaders has been caught up in the investigation that led to the resignation of cia director david petraeus. general john allen is the top u.s. commander in afghanistan. allen is under investigation by the pentagon for alleged inappropriate communications with jill kelly. she's the tampa, florida, woman, who is said to
. they also warned of the u.s. fiscal cliff. fiscal austerity is expected to increase. the finance chiefs cautioned extreme belt tightening could trigger a further slowdown. they point to the failure so far for debt covering bonds. they have decided to present reliable reconstruction plans for 2016 and beyond. called for growth strategies along with fiscal reform. they urge nations in fiscal good standing to step up to stimulate growth. now, it's not only the financial leaders who are worried about the slowdown. yuko fukushima joins us from the desk. how are investors feeling these days? >> good morning. understandably many of them are nervous. and they're hoping to get some clues from the u.s. presidential election. this is because investors on wall street are also feeling the downside risks of the economy. especially with the so-called fiscal cliff. right now they're staying on the sidelines through the election. new york markets ended slightly higher. the dow jones up by .15% and closed at 13,112. we'll have to see how stocks here in japan are trading this tuesday morning. we go to ram
is on assignment tonight. a repeated warning to washington-- if the u.s. goes over the fiscal cliff, it would push the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, ext
on december 7th. they priced the range at the moment of their indicative range. it will be a 3.1 u.s. billion dollar ipo and that would be hong kong's largest in about two years. looking at some of the other markets, the kospi finished with somes losses down 0.1%. asx finishing up 0.6%. let's get over to the november performances because it was a pretty good showing for the month. nikkei of course the outperformer. kelly mentioned the yen. it has been weakening against the u.s. dollar and that has been providing a lot of support. also directly related to politics in japan. this has been in focus over the last month or so. opposition leader expected to be the next prime minister when the country votes. so he has been talking about a lot of aggressive monetary easing and talking about an inflation target of about 2%. so stocks have really been on a roll. the kospi finishing up with just about 1.1% gain in november. we have the asx finishing just slightly lower about a quarter of a percent. and the hang seng continues to win finishing i believe a third month of gains up 1.8% in the month of nove
. for the first time, the majority of the island's voters supported a non-binding referendum to become a full u.s. state. we will speak with the nation magazine's john nichols president of his new mandate for the next four years. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama return to the white house on wednesday hours after his convincing win over republican challenger mitt romney in the 2012 election. aides say obama has immediately turned to the so-called fiscal cliff of $700 billion in expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balan
general and their women woes. a scandal among the u.s. top brass claims a second scamp amid growing concerns of a security breach. first, the c.i.a. boss general petraeus quits over an affair. now, john allen, email ex changes connected to the scandal. >> also in the program, we report from golden heights where tension is rising after israel and syria exchange fire across their border. in china, it's all change at the top. we have a special report on how the next generation is determined to tread its own path. >> i would like to be a software engineer. >> so you don't want to do the sort of things that your parents did? >> never. >> hello, it's midday here in london, 7:00 in the morning in washington. there's been a new twist to the sex scandal engulfing the american military top brass there. on friday, general david petraeus resigned as boss of the c.i.a. after it was revealed that he had been having an extra marital affair. now general john alan has been drawn into the scandal after what is being called inappropriate communications with a woman also linked to the affair. he has de
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining t
history of debt in the u.s.; and h.i.v. infections in young people. but first, the other news of the day, here's hari sreenivasan. >> sreenivasan: wall street lost ground today over renewed concerns that deficit talks in washington are not making progress. the dow jones industrial average was down 89 points to close at 12,878. the nasdaq fell nine points to close below 2968. earlier, there were more signs of a recovery home prices went up in most major u.s. cities by 3% in september compared to a year ago. america's ambassador to the u.n. failed to mollify senate critics today on the attack at the u.s. consulate in benghazi, libya. susan rice met with republican senators who've criticized her for saying-- five days after the attack-- that anti-american protests were to blame. in fact, u.s. officials already knew it was a terrorist strike. today, rice blamed faulty intelligence. but senator lindsey graham said he was unimpressed. bottom line, i'm more disturbed now than i was before that the 16 september explanation about how four americans died in benghazi libya by ambassador rice i thin
, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a record powerball jackpot. >> lucky, lucky, lotto win. >> shepard: tonight a look at the actual odds of winning it all. but first from fox this tuesday night, three republican senators now say they cannot support the u.n.
to the impact of superstorm sandy. dealers' attention now focused on the very important policy watch, the u.s. jobs data, which will be out on friday, as well as the u.s. presidential election next week. so a lot to watch out for. back to the studio. >> a lot to watch out for indeed, thank you very much. our business reporter at the tokyo stock exchange. >>> that's all for business news for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. st americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised t
minister and the u.s. secretary of state. the truce calls for an immediate halt to the fighting and reportedly aims to work towards a longer-term solution as well. >> the latest escalation in violence began just over a week ago. since then, some 140 palestinians and five israelis have been killed in air strikes and rocket attacks. >> we will be trying to go live to cairo and also to gauze in a moment, but first, let's get back to evens earlier in it -- earlier in the day that threatens to derail the talks -- we will be trying to go live to cairo and also to gaza in a moment. >> panic on the streets of televisa. ambulances rushed to the scene of the explosion. -- panic on the streets of tel aviv. the bus was burned out but not torn apart, suggesting it may have been a relatively small bomb. israel is calling this a terrorist attack. >> hamas is a murderous organization, an organization that calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those
militants on the u.s. diplomatic outpost if benghazi being the fault of a youtube video, that was very bad for her. she would compound a problem that the departure of hillary clinton would help alleviate. state department's been really under close scrutiny because of the response to this. the lack of preparation for it, for the attack and the response thereafter, that's something they would like to get away from. putting susan rice in there would intensify it. megyn: last but not least, quickly, if geithner goes, i mean, that's an important job he has. and who is likely to fill that role, and how would it change americans', you know, day-to-day lives? >> well, what the president has in tim geithner's departure is an -- or assumed departure is an opportunity to send a message to the business community that he heard their complaints and is concerned, shares their concerns about issues like debt and the stopgap way that we're running the government these days. so there you'd look for somebody with a bernanke-style business credential, somebody who is, you know, they got geithner from the new
the election rattling investors in the u.s. europe moving to the front burner once again. we talked about this yesterday being the cause of all this volatility in the u.s. market. warning the economic slowdown hitting germany, the euro's own partisan healthiest economy. investors wait for a vote on another unpopular austerity package,,deep spending cuts so they can get the next round of eight. the measures are expected to pass by a narrow marrin. already showing their anger, all shut down for a second day. police using tear gas against the demonstrators. tracy: and clearly we are seeing that the market. rolling over when the market closed. part of it is down. now that the election day has ds come and gone and the government rings virtually unchanged, congress should be able to work with differences. peter barnes has brought himself back to washington. it is like dÉjÀ vu all over again, isn't it? >> yeah. we just heard from democratic leader harry reid in a press conference in the last hour. he was sounding conciliatory kind of. >> everything within my power to be as conciliatory as poss
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